Turnkey 18-Unit Building with Development Upside & Seller Financing

Highlights:

• Lot Dimension: 84x120
• Annual Tax: $ 37525.0
• Average Occupancy Rate: 100.0
• Cash Flow: 148937.0
• Fully Leased Income: $ 241574.0
• Gross Income: $ 241574.0
• Age: Over 50 Years Old
• Lot Size: Under 1/2 Acre
• Sewer: City
• Water: City Water

Description:

The subject is a corner site located along the south side of Roosevelt Road and the west side of 57th Avenue, to the south of the site is a public alley. Roosevelt Road is a main, two lane east/west thoroughfare in Cicero. Improvements surrounding the subject include commercial, mixed-use buildings, apartment buildings and some single family residential, to the south along 57th Avenue is residential.


Located approximately 9 miles southwest of downtown Chicago the Town of Cicero is primarily a residential community with industrial areas scattered throughout the suburb with commercial improvements located along the major thoroughfares. Neighboring communities include the Chicago neighborhoods of North and South Lawndale to the east, parts of Oak Park and the Chicago neighborhood of Austin to the north, Berwyn to the west and Stickney to the south.

Highlights :
• Below-Market Rents – Room to raise rents and boost cash flow
• Turnkey 18-Unit Mixed-Use – 90% renovated, high occupancy, low maintenance
• Separate Utilities – Efficient operations with individual furnaces/meters
• Stable Commercial Tenants – Long-term leases provide reliable income
• Bonus Lot Included – Adjacent parcel offers expansion or parking potential
• Major CapEx Completed – Roof, plumbing, furnaces, windows, unit upgrades done
• Prime Location – 1 mile to I-290, 9 miles to downtown Chicago
• Strong Returns + Upside – 7.16% cap rate with room to grow income
Solid Build – 3-story masonry, 15,547 sq. ft.
Updated Units – 90% of residential units renovated.
Reliable Income – Long-term retail tenants, high residential occupancy.
Efficient Ops – Separate utilities and individual furnaces.
Seller Financing – 24-month I/O at 5.75%, 20% down, no prepay penalty.
Expansion Potential – Includes adjacent vacant lot.
Turnkey Asset –Cash-flowing, low maintenance, strong upside.


Capital Improvements:
2024• Two new hot water heaters installed• Complete remodel of both commercial unit bathrooms
2023• Roof replaced over 5701 section• Plumbing upgraded (50% copper / 50% galvanized)• Lintels replaced• Tuckpointing completed
2019• All furnaces replaced (converted from radiator heating system)
2017• Windows replaced throughout

2014 – Present• Interior renovations completed on most residential units to support market rent growth

The Proano Commercial Group is pleased to present a compelling investment opportunity at 5701 W. Roosevelt Road in Cicero, Illinois. This turnkey 18-unit mixed-use property features two commercial storefronts and sixteen residential apartments, including a mix of studios, one-bedroom, and two-bedroom units. The building is 90% renovated, enjoys high occupancy, and is efficiently operated with separate utilities and individual furnaces.
Situated just one mile from I-290 and approximately nine miles from downtown Chicago, the asset sits on a prime corner lot and includes an adjacent vacant parcel, offering a unique opportunity for future development or additional income streams.

---

Report Listing This listing was syndicated through:

Listing ID: c167dfd6-cdc0-4e67-8c07-c675bd3906d3

Documents: